Quincy cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexQuincyFloridaNational
Cost of living index84100100
IndexQuincyFloridaNational
Goods & Services index87101100
Groceries index101105100
Health care index8497100
Housing index6895100
Transportation index93105100
Utilities index87102100
A general overview of the cost of living index for Quincy, FL is displayed above. In Quincy, FL, the overall cost of living index is 84, which is 16% lower than the Florida average and 16% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Quincy, FL, the city's goods and services are 14% lower than the Florida average and 13% lower than the U.S. average.

Did you know?

  • The cost of living in Quincy is 16% lower than the Florida average.
  • The cost of living in Quincy is 16% lower than the national average.
  • The cost of housing in Quincy is 32% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Quincy, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Quincy, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Quincy, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,221$3,518$985$1,267
Renters$14,610$1,218$341$438
If you want to find a good determining factor for the cost of living and the general affordability of housing in Quincy, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Quincy, FL, the median monthly income is $42,221 for those who own their own homes. Under the standard rule, that income level would allow for $985 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $14,610, per the median income in the area. That would allow for renters to spend up to $341 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in Quincy, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemQuincyNational avg.Difference
Haircut $12.33$14.5915.5%
Beauty Salon $19.07$34.6845.0%
Toothpaste $2.32$2.476.2%
Shampoo $0.95$1.027.0%
Movie $9.88$9.870.1%
Bowling $3.00$4.3931.7%

Groceries

ItemQuincyNational avg.Difference
Ground Beef $4.99$4.4811.5%
Fried Chicken $1.42$1.463.0%
Milk $2.68$2.3613.7%
Potatoes $3.32$3.068.4%
Pizza $8.00$9.2413.4%
Beer $7.95$8.637.9%

Health Care

ItemQuincyNational avg.Difference
Optometrist $69.00$99.7830.8%
Doctor $70.00$105.0333.4%
Dentist $72.50$88.7018.3%
Ibuprofen $10.15$9.417.8%
Lipitor $308.57$298.503.4%

Housing

ItemQuincyNational avg.Difference
Home Price $115,800.00$175,700.0034.1%
Avg. Mortgage Payment $877.13$1,081.0318.9%
Apartment Rent $681.00$920.0026.0%

Transportation

ItemQuincyNational avg.Difference
Gasoline $1.99$2.094.7%
Tire Balancing $39.99$45.2911.7%

Utilities

ItemQuincyNational avg.Difference
All Electricity$145.28$170.8014.9%
Phone $25.55$28.269.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Calvary, GA7197-3%
Gretna, FL1,33975-25%
Attapulgus, GA54583-17%
Chattahoochee, FL3,34280-20%
Greensboro, FL79380-20%
Quincy, FL8,02284-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brazil, IN8,02286-14%
Fairview, TN8,02097-3%
Summit, WA8,02511616%
Caribou, ME8,02596-4%
Lantana, TX8,02513232%
Quincy, FL8,02284-16%
Source: The Quincy, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.